Stratview Research has published a new report titled “Phenoxyethanol Preservatives Market” which is segmented by Product Type (Phenoxyethanol P5 and Phenoxyethanol P25), by Application Type (Home & Personal Care [Cosmetics, Perfumes, Detergents, and Ointments], Pharmaceuticals, and Dyes & Inks), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, phenoxyethanol Preservatives Market is likely to witness an impressive CAGR of 5% during the forecast period. Growing per capita income, presence of huge young consumer base and emergence of e-commerce in developing economies are the major factors fueling the demand for home & personal care products, thus in turn, driving the market for phenoxyethanol preservatives during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as phenoxyethanol P5 and phenoxyethanol P25. Phenoxyethanol P5 is projected to witness strong growth rate, owing to its property of being a preservative of superior category with less than 5 ppm of phenol constituent that encourages cosmetic manufacturers to opt for over its substitutes.
Based on the application type, the market is segmented as home & personal care, pharmaceuticals, and dyes & inks. The home & personal care application type dominates the market with almost 45% share of the total market. Rising demand for safe and paraben free cosmetics had compelled the cosmetic manufacturers to spend more in R&D activities to develop phenoxyethanol preservative blends having enhanced effectiveness and making them fit for different cosmetic products while adhering to strict norms. These factors are expected to boost the product market growth during the forecast period.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is estimated to be the leading region in the market, owing to rising product application in home & personal care and pharmaceutical products. In addition, trends such as increasing real income and belligerent marketing strategies taken on by leading cosmetic manufacturers are further expected to underpin the product adoption in the regional market over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period owing to the presence of leading cosmetics manufacturing companies in countries such as France, Italy, and Germany accompanied with the approval for using phenoxyethanol preservative in limited concentrations by the European Council.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Phenoxyethanol Preservatives Market:
Key questions answered by the report
- What is the projected CAGR for revenue from the Phenoxyethanol Preservatives Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Phenoxyethanol Preservatives Market?
- Which are the major market players?
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